RE:RE:RE:RE:RE:Orezone Bombore Project Resource Revision mrsly0 wrote: The resources was not chop, read it correctly, what is revised is the amount of gold that can be extracted "cheap"... not the total resources...
if many read it that way this is a great oppertunity.
good luck
wow, what glasses are you wearing? How are you reading the following excerpt from the NR??
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Orezone expects to lower Bombore resource estimate
2016-08-22 06:53 ET - News Release
Mr. Ron Little reports
OREZONE BOMBORE PROJECT RESOURCE REVISION
Orezone Gold Corp.'s preliminary results from the continuing Bombore project resource estimation, performed by Roscoe Postle Associates (RPA) in Toronto, Ont., indicate that the tonnage and gold ounces contained in the previous 2013 Bombore oxidized measured and indicated resource may be reduced by approximately 30 per cent, with the resulting tonnage remaining at a similar average grade. The 2013 Bombore fresh rock (sulphide) resource may also be reduced by a similar amount or less. As a result, the 2013 Resource Update and the 2015 Feasibility Study NI 43-101 Technical Report of the Bombore Gold Project should no longer be relied upon and are withdrawn by the Company.
Based on the anticipated reduction of the measured and indicated oxidized resource, the Company also expects the oxidized mineral reserves, calculated at a US$1,100 gold price, to be reduced by about 30%. This represents a material change to the initial scope of the project and the Company plans to revise and release the Phase 1 feasibility project economics as soon as possible in order to determine the next stage of development for the project. RPA is expected to deliver the updated 2016 resource statement along with a fulsome comparison to the previous 2013 resource estimate by September 7, 2016.
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